Economic Disparity in Southeast Asia: Thailand Lags Behind Regional Peers
Monday, 1 April 2024, 23:40
Economic Disparity in Southeast Asia
The stark contrast in economic growth between Thailand and neighboring countries.
Challenges Faced by Thailand
- Slow Economic Growth: Thailand's economy is failing to match the accelerated growth rates of the Philippines, Vietnam, and Indonesia.
- Middle-Income Trap Risk: Concerns arise over Thailand getting trapped in the middle-income bracket, hindering progress.
Thailand must strategize for sustained economic growth to bridge the gap with regional leaders.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.